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4. NEW BUSINESS (Cont'd Pres. Helmen: We have taken care of the handicapped on the curbs. Mrs. Allen: I wonder if there is a possibility to eliminate some of those too. Pres. Helmen: We will study and consider. Mrs. Allen: What was the engineer's estimate? Mr. Lennon: The total Mall, orreduction of four blocks? Mrs. Allen: The Mall -- ? Mr. Lennon: Yes. This has been public information just as in- formation was in the two,blocks on Michigan Street and two on Washington Street. We have eliminated it at this time until Associates comes in to see what they will do. Mrs. Allen: Four blocks not included? Mr. Lennon: That is correct. The engineering estimate was ap- proximately $230,000 for basic things. When you add the many alternate things, total $3.5 Million Dollars estimated over a year ago. Mrs. Allen: What is the total Mall without the elimination? Mr. Lennon: Would be up to the Commission. Your question -- under our and the Engineers' estimate. Mrs Allen: Engineers' estimate over the remaining properties- - to be remaining - -would be difficult to see Mr. Lennon: Would be difficult to come in with 3 -1/2 Million,. including Associates. There is interest accruing with $3.8 -- gaining approxi- mately $800,000- -that is pertinent. If you add in- terest to the total cost of the bond. -- every day incurring interest -- can be used to pay for the additional . cost on the four blocks. Mrs Allen: You started out with entire Mall with 3 -1/2 Million. You added another million and made it 3 -1/2 Million for the entire Mall. You eliminate four blocks - -I don't care how much money you allocate for interest!! Mr. Wiggins: We have taken action to move forward and have dealt in as realistic a fashion as we could. I take it you are opposed to the Mall, and you have every right to your opinion. Mrs Allen: I am not opposed to the Mall!! We are duplicating -5-